MindBridge Ai launches University Alliance Program to Prepare the Next-Generation of Auditors on the Use of AI in Auditing

OTTAWA, July 10, 2018 (GLOBE NEWSWIRE) — After a successful pilot phase with leading universities across North America, MindBridge Analytics Inc. announced today the launch of its University Alliance Program. This initiative will introduce the next generation of auditors to the power of artificial intelligence in augmenting the financial audit process to provide a more effective audit.

Since the Fall of 2017 MindBridge Ai has been collaborating with several universities to educate and train accounting students on the use of AI in auditing. The offering, which is made available free of charge to qualified post-secondary institutions, combines educational material with hands-on case studies and training where students can learn, and experience, artificial intelligence in performing a financial analysis using the MindBridge Ai Auditor. The program material has been incorporated into Advanced Audit, Data Analytics, Accounting Information Systems, and Fraud Investigation courses.

Recently recognized by Accounting Today as the 2018 Top New Product – Audit Tools, MindBridge Ai Auditor is used by leading innovative organizations worldwide. The MindBridge Ai Auditor automates the ingestion and analysis of financial data by leveraging a hybrid of techniques, from decision rules and statistical methods to machine learning/artificial intelligence to detect anomalies. Results are presented through an intuitive interface thus increasing the efficiency, effectiveness and completeness of the analysis. In addition, it significantly reduces the risks associated with not analyzing 100% of transactions, all the while delivering deep insights on the financial datasets.

“I introduced the MindBridge tool to over 100 advanced audit (Master of Accounting) students in April 2018 as part of our discussion of data analytics tools and technologies. The experience was extremely positive. As a professor, I would strongly recommend integrating the MindBridge Ai tool into an audit course, particularly at the graduate level”, said Lynn Dikolli, Assistant Professor of Accounting, University of North Carolina.

“AI is changing the way that audits will be conducted. This is happening now as leading CPA firms are adapting to AI-based tools to understand how to use them efficiently and effectively”, said Eli Fathi, CEO, MindBridge Ai. “Our University Alliance Program is MindBridge’s commitment to prepare the next-gen of auditors for the wave of change that is occurring by using AI within the audit profession”.

“I introduced MindBridge in my Accounting Information Systems curriculum and the experience was overwhelmingly positive”, said Ouafa Sakka, Assistant Professor at Carleton University. “The students were very interested in learning about the use of artificial intelligence in auditing”.

Interested professors can sign-up for MindBridge’s University Alliance Program on the company’s website at: https://www.mindbridge.ai/university-alliance-program/

About MindBridge Ai:

MindBridge Ai is a venture-backed FinTech company based in Ottawa, Canada. Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional errors and intentional misstatements. Using the MindBridge Ai Auditor, organizations across multiple industries can minimize financial loss, reduce corporate liability and can focus on providing higher value services to their clients.